Vancouver Commercial Real Estate Podcast

We have talked a lot about Victoria and Nanaimo, but we haven’t spoken about what we bet could be a sleeper investment opportunity in Vancouver Island. This week Cory and Adam welcome Parksville’s Mayor Ed Mayne to discuss the exciting opportunities Parksville is currently experiencing in the Central Island market.As Nanaimo continues to boom, just 20 minutes up the road sits Parksville, which has seen a development boom of their own lead by a pro-active mayor, who has the business experience to guide the community into 2022 and beyond.Mayor Mayne breaks down the growth of his city and what’s in store for Parksville as a spike in development permits and the attraction to the island lifestyle in beautiful Parksville. Don’t underestimate the growth of smaller communities on Vancouver Island as Parksville checks a lot of the boxes.

If you were shocked by the Bank of Canada's one percent increase to interest rates this past week you are not alone. Cory and Matt are here this week to discuss the potential impact on commercial real estate... if any all. How does this affect your loan-to-value ratio when looking to acquire real estate? and what's next for the commercial real estate market in the province?As we continue down a path of unprecedented times, we unpack and shed some light on what they anticipate will happen and how that will be reflected in your decision making moving forward; as interest rates will continue to increase through 2022 and into 2023.

What commercial market in Canada has the whole country talking? This week Cory welcomes Lori Suba and Laurae Spindler, of Scout Real Estate in Calgary, to unpack the rollercoaster of action our friends over in the prairies are experiencing in the commercial market.Ever since the oil and gas sector crashed, Calgary has seen a down market which has lasted for a few years now. But, as Lori and Laurae discuss, you might be surprised to hear how some asset classes have bounced back and there is now overwhelming demand for one asset class in particular, which has seen percentage growth in numbers similar to that of BC!If you like to keep your finger on the pulse of commercial real estate in Canada, or just enjoy hearing great turn around stories, this episode is for you.

There is no secret that supply chain issues and inflation are having direct impact on developers all around the world. In the studio this week Cory and Adam welcome Jeff Kennedy who is here from Troika Developments, one of Kelowna’s most well-known builders, to discuss the challenges within the development industry and what the future looks like for developers as well as breaking down some of the areas he is most excited about in BC’s Interior.Jeff also gives us insight into how developers would break down a purpose-built rental project vs a strata site, along with the metrics behind the decision making process. Not to mention, Jeff is one of the coolest guests we have had join us in 2022, so all considered, this is another great episode you do not want to miss out on!

For 24 months and counting, Vancouver Island has become a shining star in the commercial real estate world. In this episode we unpack the numbers. This week Cory and Adam welcome John MacDonald, publisher of the Business Examiner; one of Vancouver Island's go to business online publications. He is here to break down how the various island markets fared with each other and provides some insight on the Thompson Okanagan region. Johns, on the frontlines of the business world is witnessing first-hand how 2022 is affecting various industries, in both a good and bad way. This is an episode you don't want to miss so sit back, enjoy the little sunshine we have and crack open your favorite beverage and take in as much from John as you can. Enjoy!

Want to hear from a man who plausibly has more data on commercial real estate than anyone in Canada?In the studio this week Matt and Rod, (Cory didn't survive the William Wright Whistler weekend), welcome Raymond Wong of the Altus Group to look behind the numbers on what has happened across Canada in 2022. Raymond unpacks what asset classes are selling, what are not, and what is set to rebound. You might be surprised with his answers on what Canadian cities have outperformed their counterparts and what cities are set for a big 2022. Raymond debunks all the myths and unlocks the data for only our VCREP listeners.  

As the new Broadway Skytrain line is now in full swing, the city's office market has started to rebound and the housing crisis continues to mount. the council members at the City of Vancouver now have to vote on what could be the biggest vote in Vancouver's history. This week Cory and Matt welcome Meg Cooney, Seamus Bailey and Liam Simpson from William Wright's Vancouver office to discuss the highlights, and the lowlights with the proposed Broadway plan. The team touches on areas that could have been more thought out with additional density and as well they discuss the strong attributes that plan will bring to some parts of the Broadway corridor. Almost 11% of the total land in Vancouver affected by this vote, this is another episode you do not want to miss out on.

The ongoing debate on Vancouver Island right now is Victoria or Nanaimo? In this episode we ask this question from a commercial real estate perspective to one of our experts, Robin Kelley, of the Groupe Denux; one of Vancouver Islands long-standing families of real estate.Robin is on the show this week to provide his insight on both markets and how each market has fared over the years and unpacks what asset classes he thinks will continue to grow post COVID. He also touches on some Alberta projects the family has in the works. This is another great episode you don’t want to miss out on, so sit back and enjoy.

As we approach the halfway point of 2022, people are asking; is the commercial real estate market about to crash?Rod Mackay of William Wright Commercial's Vancouver office is here this week to discuss the most unpredictable year we have had in real estate yet. From faster than expected rising interest rates, to record breaking month-over-month inflation, to worldwide supply chain issues… 2022 has been anything but predictable, so what does all this mean for BC's commercial real estate markets?Rod provides his insight on what has happened so far, what the rest of 2022 looks like, and where you can expect to see the deals… if any.Whether you're a business owner, a commercial real estate investor, or just someone enjoying the action this is episode is another must listen!

Ever find a great restaurant on your favorite food app, but then realize they don't have a physical brick and mortar location you can enjoy?On the show this week Cory and Matt welcome Amrit Maharaj, Chief Operating Officer of Coho Collective who is here to break down what exactly a ghost kitchen is, why some of your favorite restaurants are getting in on the action, and how they have capitalized on the food app boom.As the demand for the food delivery market continues to grow, Coho Collective is looking to expand rapidly not only in BC but across Canada and beyond. He also unpacks the opportunity and little start-up cost needed to open your first online ghost kitchen and take your culinary passion to the next level. After this episode you will never look at Doordash or Skip the Dishes the same way again.